Greystone Logistics Inc (OTC:GLGI)

Greystone Logistics, Inc., through its subsidiaries, engages in manufacturing and selling plastic pallets; and grinding, pelletizing, and selling recycled plastic resins primarily in the United States. It offers rackable, nestable, display, monoblock, and stackable pallets, as well as picture frame, Web-top pallets produced using a proprietary blend of recycled plastics. Pallets are primarily used in the automotive, chemical, consumer products, grocery, produce and food production, paper and forest products, retailing, and steel and metals industries. The company also sells recycled plastic that has been reprocessed into pellet form; and provides pallet leasing services. It primarily serves the beverage and pharmaceutical industries. Greystone Logistics, Inc. sells its products through direct sales staff and a network of independent contractor distributors. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc. on March 18 2005. Greystone Logistics, Inc. was founded in 1969 and is based in Tulsa, Oklahoma.